Applications for the Joint Japan/World Bank Scholarship Program for the 2007 - 08 academic years are now available. The Bank, with funding from the government of Japan, established the World Bank Graduate Scholarship Program for graduate studies in subjects related to economic development. Each year, the Program awards scholarships to individuals from the Bank’s member countries to undertake graduate studies at renowned universities throughout member countries of the Bank. Now in its 20th year, the Regular Program has awarded 2,613 scholarships, selected from nearly 53,000 applicants.